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  • Launch of the second phase of syndication for the nearly Eu365m in debt for the buy-out of French metering company Actaris is planned in a few weeks' time. Mandated lead arranger Mizuho will be offering banks take and hold tickets of Eu10m.
  • Rating: Aaa/AAA/AAA
  • The French government took advantage of the bullish equity market this week to sell its 15.7% stake in design software publisher Dassault Systèmes.
  • Armando Falcon, the director of the US Office for Federal Housing Enterprise Oversight (OFHEO), demanded yesterday (Thursday) that Freddie Mac retroactively dismiss Leland Brendsel and Vaughn Clarke, its former CEO and CFO.
  • Rating: A3/A-
  • Syndication of the $1.25bn revolving letter of credit for Hannover Re has closed oversubscribed and the borrower is likely to accept a small increase.
  • Brewer Greene King is said by bankers to be in the later stages of a self-arranged deal of around £200m.
  • Rating: Aa2/AA/AA+
  • UK leisure company Hilton Group, the owner of betting chain Ladbrokes and a global hotel business, launched a £300m convertible bond on Tuesday.
  • Far East Hydrofoil has mandated BNP Paribas and Crédit Agricole Indosuez to arrange a $50m facility.
  • Has UBS turned itself into a charity to sponsor its own, deprived Swiss citizens? Can out-of-work yodellers, with no tourists to screech at, expect a free hand-out?
  • Lloyd's underwriter Amlin signed a £130m letter of credit facility on Wednesday. Lloyds TSB is the sole mandated lead arranger, bookrunner and agent.